THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

New Rules for LLCs: How The Corporate Transparency Act Affects You

LISTEN AND SUBSCRIBE HERE
New Rules for LLCs: How The Corporate Transparency Act Affects You

In today's episode, I want to talk about a new law that goes into effect in January of 2024 and affects small business owners with an LLC: The Corporate Transparency Act.

 Join me in this important episode to learn more about this law, why it’s actually a good thing and how you can comply to avoid fines. 

LISTEN AND SUBSCRIBE HERE

In today's episode, I want to talk about a new law that goes into effect in January of 2024 and affects small business owners with an LLC: The Corporate Transparency Act.

 Join me in this important episode to learn more about this law, why it’s actually a good thing and how you can comply to avoid fines. 

Also mentioned in today’s episode: 

  • What is the Corporate Transparency Act and why is it a good thing? 2:25 

  • Who needs to comply with this law 5:09

  • New York State and their own version of this law 9:22

  • When to file and how it effects new LLC’s 13:02

If you enjoyed this episode, please rate, review and share it! 

 

Links: 

https://www.sunlighttax.com/openhouse

Watch Youtube video version

Read More

Your Complete Guide to the New Student Loan Forgiveness

LISTEN AND SUBSCRIBE HERE

Your Complete Guide to the New Student Loan Forgiveness

In today’s timely bonus episode, I am sharing some information on student loans, the new SAVE program and how this new program can help lower your payments and still lead to student loan forgiveness. 

Join me as I give you all the nitty-gritty details about your student loans including who qualifies for the SAVE program and how you can make sure you sign up for it to take advantage. 

LISTEN AND SUBSCRIBE HERE

In today’s timely bonus episode, I am sharing some information on student loans, the new SAVE program and how this new program can help lower your payments and still lead to student loan forgiveness. 

Join me as I give you all the nitty-gritty details about your student loans including who qualifies for the SAVE program and how you can make sure you sign up for it to take advantage. 

Also mentioned in today’s episode: 

  • What’s different about the SAVE program and what does it include? 3:33

  • Forgiveness of your loan 8:00

  • Who qualifies for the SAVE program 10:12

  • What is the Fresh Start program? 18:00

If you enjoyed this episode, please rate, review and share it! 

 

Links:

Federal Student Aid website

Waitlist for Money Bootcamp

Watch Youtube Video Version

Read More

LLCs & Why You Need to Separate Your Accounts

LISTEN AND SUBSCRIBE HERE

LLCs & Why You Need to Separate Your Accounts

Today, I’m sharing an article I wrote about why it’s so important to keep your personal and business bank accounts separate as an entrepreneur. I’m also sharing information about LLC’s vs. a sole proprietorship and if having an LLC really changes anything during tax time. 

Join me in this episode to hear why mixing your personal and business accounts can hurt your business and to learn more about whether you should switch to an LLC.  

LISTEN AND SUBSCRIBE HERE

Today, I’m sharing an article I wrote about why it’s so important to keep your personal and business bank accounts separate as an entrepreneur. I’m also sharing information about LLC’s vs. a sole proprietorship and if having an LLC really changes anything during tax time. 

Join me in this episode to hear why mixing your personal and business accounts can hurt your business and to learn more about whether you should switch to an LLC.  

Also mentioned in today’s episode: 

  • LLC’s and your taxes 1:09

  • Why your personal and business accounts should be separated 2:19

  • Can you operate as a sole proprietorship or do you need an LLC? 6:04

If you enjoyed this episode, please rate, review and share it! 

Links:

VVRKSHOP, Paddy Johnson: https://www.vvrkshop.art/

IRS 9 point list for hobby vs business

Watch Youtube Video Version

Read More

The Child Care Tax Credit

LISTEN AND SUBSCRIBE HERE
The Child Care Tax Credit

Today, I’m sharing important details about the Child and Dependent Care Tax Credit and how you can use it during the summer months when sending your children to summer camp. 

I’m also talking about the difference between a tax credit and a tax deduction and why a credit is more beneficial to the taxpayer. 

Join me in this episode to learn how you can take advantage of this tax credit and how it can apply to you. 

LISTEN AND SUBSCRIBE HERE

Today, I’m sharing important details about the Child and Dependent Care Tax Credit and how you can use it during the summer months when sending your children to summer camp. 

I’m also talking about the difference between a tax credit and a tax deduction and why a credit is more beneficial to the taxpayer. 

Join me in this episode to learn how you can take advantage of this tax credit and how it can apply to you. 

Also mentioned in today’s episode: 

  • What is the Child and Dependent Care Tax Credit? 1:00

  • Tax credit vs. deduction 6:44

  • What qualifies for this credit and how much can you claim? 9:56

If you enjoyed this episode, please rate, review and share it! 

Links:

VVRKSHOP, Paddy Johnson: https://www.vvrkshop.art/

Read the Original Article

Watch Youtube Version

Read More

Taxes Should Be Part of Civic Education: A Story of Hope

LISTEN AND SUBSCRIBE HERE
Taxes Should Be Part of Civic Education: A Story of Hope

Today, I’m sharing a civic oriented article I wrote back in 2018 that I hope will inspire you to get involved in your local politics and think more about why civic education is so important. 

Join me in this inspiring episode to learn a bit more about why it’s so important to take a greater role in your local government and why I feel so passionate about advocating for tax education in this country. 

LISTEN AND SUBSCRIBE HERE

Today, I’m sharing a civic oriented article I wrote back in 2018 that I hope will inspire you to get involved in your local politics and think more about why civic education is so important. 

Join me in this inspiring episode to learn a bit more about why it’s so important to take a greater role in your local government and why I feel so passionate about advocating for tax education in this country. 

Also mentioned in today’s episode: 

  • Why local politics is so important 2:11

  • Why is tax policy left out of civics? 6:23

  • Lying from politicians about who pays taxes and why that’s such an issue 10:43

  • Tax education and why we need it 14:14

If you enjoyed this episode, please rate, review and share it! 

 

Links:

link to article: https://www.sunlighttax.com/blog/2019/3/27/tax-policy-should-be-part-of-our-basic-civic-education

link to podcast I reference, the Overlook podcast.

Watch Youtube Video Version

Read More

What are your money concerns?
Suggest a blog topic for Hannah here.